Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.043%

Price spread now: Aster against ApeX Omni+0.505%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$6as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.158%+$16 on $10k

Price spread, last 3 days (all we have)−1.058%−$106 · spread now +0.505%, 7d avg −0.010%

Together, before fees−0.900%+ Points / potential airdropAster: Stage 5 · farm board−$90 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.515% dearer against ApeX Omni than usual: you sell high and buy low: +$52 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TAOUSDT	305.64	0.0100	pay 0.0013% / 1h	33m 29s	$46K	$268K	50x
Short	Aster TAOUSDT	307.18	0.0155	get 0.0077% / 4h	2h 33m	$1.1M	$7.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.505%Rate

Funding earned: $11.48
Price spread: +0.505% → −0.010%: $51.51
Slippage, 4 orders: −$27.73
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $17.25
Costs to cover: 0.457%
Break-even: from the start

Slippage from ApeX Omni: live order book, 53 min ago; Aster: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 53 min ago	4.65 bp	14.4 bp −$14	125.6 bp −$1,256	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.63 bp	9.8 bp −$10	22.0 bp −$220	214.4 bp −$21.4K	doesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TAO-USD	0.0000%	1h	307.17	+0.500%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	307.46	+0.594%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.12	+0.484%	$41K	$523K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.47	+0.598%	$363K	$400K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.13	+0.488%	$86.1M	$401.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.16	+0.497%	$59.1M	$117.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.10	+0.478%	$25.0M	$92.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.42	+0.582%	$136K	$594K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.10	+0.478%	$12.1M	$47.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.28	+0.537%	$113.1M	$122.7M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	307.28	+0.537%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.16	+0.497%	$34.5M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.40	+0.576%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	+0.042%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.39	+0.245%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.30	+0.544%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDTlong	+0.0100%	1h	305.64	long leg	$46K	$268K	50x
Bullet TAO-USD	+0.0100%	1h	307.61	+0.645%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.46	+0.595%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.15	+0.494%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.36	+0.563%	$121K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.16	+0.497%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.44	+0.589%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	307.32	+0.550%	$2K	$429K	5x	as long as short
Polymarket Perps TAO-USD	+0.0127%	1h	307.61	+0.645%	$86K	$669K	5x	as long as short
Aster TAOUSDTshort	+0.0155%	4h	307.18	+0.505%	$1.1M	$7.5M	50x
Paradex TAO-USD-PERP	+0.0167%	8h	307.41	+0.579%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.46	+0.595%	$439K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0189%	1h	307.41	+0.580%	$14K	$1.3M	25x	as long as short
Phoenix TAO	+0.0234%	1h	306.20	+0.183%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0262%	1h	307.35	+0.559%	$854K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	306.55	+0.298%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0528%	1h	307.49	+0.605%	$3K	$4K	5x	as long as short
Bulk TAO-USD	+0.0668%	1h	304.81	−0.272%	$200K	$57K	10x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.52	+0.616%	$354	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	307.31	+0.547%	$877K	$1.9M	25x	as long as short
Lighter TAO	+0.0888%	1h	307.72	+0.680%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	307.40	+0.576%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1025%	1h	307.54	+0.622%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.43	+0.586%	$411K	$536K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1295%	1h	307.71	+0.677%	$471K	$683K	10x	as long as short
Hyperliquid TAO	+0.1680%	1h	307.96	+0.759%	$93.8M	$75.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+0.975%	$22K	$138	12x	as long as short